MT vs PHI: Correlation
Arcelor Mittal NY Registry Shares NEW (MT) and PLDT Inc. Sponsored ADR (PHI) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MT and PHI?
Across a 3-year window, the weekly returns of MT and PHI correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 317.3 %².
Out of 15 assets tracked against MT, PHI lands near the bottom at #12. The last year tells two different stories: MT led by 138.4 percentage points, +130.2% for MT against -8.2% for PHI. Risk is not evenly split, since MT carries 1.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MT vs PHI: side by side
| MT (Arcelor Mittal NY Registry Shares NEW) | PHI (PLDT Inc. Sponsored ADR) | |
|---|---|---|
| 1-year return | +130.2% | -8.2% |
| 5-year return | +134.6% | -17.6% |
| Volatility (ann.) | 37.2% | 24.0% |
| Beta vs S&P 500 | 1.19 | 0.22 |
| Max drawdown (3Y) | -30.8% | -33.7% |
| Market cap | $56.3B | – |
| P/E (trailing) | 31.4 | 9.4 |
| Dividend yield | 0.81% | 494.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MT | PHI |
|---|---|---|
| 2022 | -16.4% | -31.7% |
| 2023 | +10.3% | +11.9% |
| 2024 | -16.9% | +0.8% |
| 2025 | +100.1% | +1.5% |
| 2026 | +64.9% | -14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MT and PHI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MT and PHI?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.31 over the last year and 0.33 over 5 years.
Is PHI a good diversifier for MT?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mt-vs-phi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mt-vs-phi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MT correlations · PHI correlations
